Q2 2024 Earnings Forecast for Power Co. of Canada (TSE:POW) Issued By National Bank Financial

Power Co. of Canada (TSE:POWFree Report) – Research analysts at National Bank Financial cut their Q2 2024 earnings estimates for Power Co. of Canada in a note issued to investors on Wednesday, May 8th. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings per share of $1.14 for the quarter, down from their previous estimate of $1.16. The consensus estimate for Power Co. of Canada’s current full-year earnings is $4.53 per share. National Bank Financial also issued estimates for Power Co. of Canada’s Q3 2024 earnings at $1.15 EPS, Q4 2024 earnings at $1.16 EPS and FY2025 earnings at $4.98 EPS.

Power Co. of Canada (TSE:POWGet Free Report) last announced its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 EPS for the quarter, missing analysts’ consensus estimates of C$1.00 by C($0.11). Power Co. of Canada had a net margin of 6.89% and a return on equity of 8.94%. The firm had revenue of C$21.37 billion for the quarter.

Several other research firms have also commented on POW. Royal Bank of Canada increased their price objective on shares of Power Co. of Canada from C$45.00 to C$46.00 in a research report on Thursday. BMO Capital Markets lifted their price target on Power Co. of Canada from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research report on Tuesday. Scotiabank upped their price objective on Power Co. of Canada from C$46.50 to C$47.00 in a research report on Friday. National Bankshares lifted their target price on Power Co. of Canada from C$41.00 to C$42.00 in a report on Thursday. Finally, Jefferies Financial Group increased their price target on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$42.70.

Read Our Latest Research Report on Power Co. of Canada

Power Co. of Canada Stock Down 0.7 %

TSE POW opened at C$40.12 on Friday. The stock has a 50 day moving average price of C$37.97 and a 200-day moving average price of C$37.61. Power Co. of Canada has a one year low of C$32.33 and a one year high of C$40.59. The company has a debt-to-equity ratio of 50.75, a quick ratio of 107.64 and a current ratio of 23.47. The company has a market capitalization of C$23.88 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.95 and a beta of 1.09.

Power Co. of Canada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Friday, June 28th will be paid a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date is Friday, June 28th. Power Co. of Canada’s dividend payout ratio is currently 65.60%.

Power Co. of Canada Company Profile

(Get Free Report)

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.

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